Marqeta’s Debit Roots Give Way to Credit and BNPL Push

As embedded finance providers race to move beyond standalone debit cards, Marqeta’s latest earnings on May 5 showed how card issuing platforms are being asked to support a broader mix of lending, buy now, pay later (BNPL) and credit-building products on a global scale. CEO Mike Milotich said on the company’s earnings call that “multinational card issuers are becoming more and more common as card growth shifts from local banks to FinTechs and enterprises looking to support their customers in many